Investment Analyst - Public Markets
Apply NowCompany: Kresge Foundation
Location: Troy, MI 48085
Description:
About the Foundation
The Kresge Foundation is one of the top 20 private philanthropic foundations in the United States and the only one focused exclusively on expanding opportunities for people with low income in American cities. With an endowment of approximately $4 billion and a staff of over 100 employees, the foundation deploys grants and social investments across arts and culture, education, environment, health, human services and community development. The foundation's state-of-the-art headquarters maintains an array of energy-efficient, water-conserving and health-promoting systems. The foundation also operates an office in Detroit's Midtown district.
About the position
The Investment Analyst will work closely with the Public Market investment team in all phases of the investment process, from sourcing to funding, with a special focus on quantitative data analysis and ad-hoc reporting. The Analyst will work across the various Public Market asset classes (such as public equities, credit, hedge funds, etc.) and will work with all members of the Public Market team, occasionally collaborating with members of the Private Market team. The position is a two-year appointment with the possibility of an additional third-year extension (based on performance).
Primary responsibilities
Actively participates in investment manager meetings, including the compilation of pre-meeting materials and the composition of timely, accurate and comprehensive post-meeting notes Develops proficiency in the office's risk software and uses this skill to perform detailed analysis of investment managers, asset classes, asset allocation, and other subjects as required. Also conducts regular quality checks to ensure accuracy of the data Prepares ongoing and ad hoc reports related to portfolio construction, risk management, performance, and evaluation of the macro investment environment Assists in evaluating new managers, investment ideas and opportunities across all Public asset classes by monitoring prospective managers' qualitative and quantitative characteristics Actively participates in the preparation of investment memos and presentations Collaborates with the Risk & Operations team at the inception of a new investment to ensure the thorough collection of investment documents, including legal and tax-related materials, as well as the efficient execution of the team's onboarding process Leads the quarterly production of Investment Committee materials, ensuring the accuracy of data, methodology, and presentation Develops working knowledge of day-to-day activities related to the Foundation's investment operations activities Works on research pieces alongside senior staff Serves as a representative of the Foundation throughout the investment community by participating in peer networking events, attending industry conferences, and investment manager annual meetings Provided the option to pursue the Chartered Financial Analyst (CFA) credential by completing all three levels of the CFA Program
Qualifications
This position is full-time. The salary for this position is $83,224.00 per year.
The application deadline for this position is Midnight EST on October 13th, 2024. Please attach a cover letter for consideration for this position. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
This position is located in Troy, Michigan and currently has a hybrid schedule. Tuesday and Wednesday are the standard in-office days, however, there may be times when you will have to adjust the days based on work needs.
The Analyst will be expected to live and work in the Detroit-metro area starting June 2025.
This position requires occasional travel for foundation activities, events and professional development activities.
Some of the benefits include:
Kresge is proud to be an Equal Employment Opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.
The Kresge Foundation participates in E-Verify to confirm authorization to work in the United States. For more information on E-Verify and to know your rights please click here.
The Kresge Foundation is one of the top 20 private philanthropic foundations in the United States and the only one focused exclusively on expanding opportunities for people with low income in American cities. With an endowment of approximately $4 billion and a staff of over 100 employees, the foundation deploys grants and social investments across arts and culture, education, environment, health, human services and community development. The foundation's state-of-the-art headquarters maintains an array of energy-efficient, water-conserving and health-promoting systems. The foundation also operates an office in Detroit's Midtown district.
About the position
The Investment Analyst will work closely with the Public Market investment team in all phases of the investment process, from sourcing to funding, with a special focus on quantitative data analysis and ad-hoc reporting. The Analyst will work across the various Public Market asset classes (such as public equities, credit, hedge funds, etc.) and will work with all members of the Public Market team, occasionally collaborating with members of the Private Market team. The position is a two-year appointment with the possibility of an additional third-year extension (based on performance).
Primary responsibilities
Qualifications
- Bachelor's degree required; business, economics or math-related degree preferred
- Strong analytical, quantitative, and communication skills (written and verbal)
- Passion for learning
- Proficiency in Microsoft Office Suite, including extensive knowledge of Microsoft Excel
- Strong work ethic and highest ethical standards
- Attention to detail and ability to prioritize and meet deadlines
- Ability to work effectively in a team environment as well as independently
This position is full-time. The salary for this position is $83,224.00 per year.
The application deadline for this position is Midnight EST on October 13th, 2024. Please attach a cover letter for consideration for this position. The cover letter should address your specific interest in the position and outline skills and experience that directly relate to this position.
This position is located in Troy, Michigan and currently has a hybrid schedule. Tuesday and Wednesday are the standard in-office days, however, there may be times when you will have to adjust the days based on work needs.
The Analyst will be expected to live and work in the Detroit-metro area starting June 2025.
This position requires occasional travel for foundation activities, events and professional development activities.
Some of the benefits include:
- Health, dental, vision and life insurance
- Paid time off
- Half day Fridays
- 401k with employer matching
- Tuition reimbursement
- Life, accident and disability insurance
- Comprehensive relocation package for qualified candidates
Kresge is proud to be an Equal Employment Opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.
The Kresge Foundation participates in E-Verify to confirm authorization to work in the United States. For more information on E-Verify and to know your rights please click here.